Unclaimed Property Reconciliation
IAB Solutions provides fully managed and trained A/R analysts both on-site and/or off-site depending on your specific needs. The fee structure at IAB Solutions is dynamic and tailored to your specific assignment. Fees are typically productivity based and dependent on age, size and type of portfolio assigned.
Purpose
Reduce exposure to unclaimed property or escheatment claims.
Avoid the negative consequences of unclaimed property state audits.
Reconcile open credits and outstanding cash on account.
Process
- IAB accumulates supporting documentation and analyzes all pertinent information.
- IAB researches issues, while interfacing with client systems and your customers to reconcile credits and debits.
- IAB manages the client data on our proprietary software system. Reporting is available to the client in an agreed upon format.
- IAB coordinates our efforts with the internal audit department to assure accuracy is maintained and proper disposition is achieved.
- IAB identifies accurate credit entitlement and disposition of cash and credits.
Results
- Reduced exposure to escheatment claims and audits.
- Improved work flow and efficiencies.
- Verified accuracy.
Get Started
Work with our professional, experienced and stable management team to fill your accounts receivable outsourcing needs.
